Group items tagged

This article gives an example of a nation putting price control on a product and how that affects the consumtion of that and associated products in a nation.

Australia wants to limit foreign stakes in big mining companies. These limits are aimed mostly at China, after several political and business arguments. These limits are a form of price control, as the Australian government is intervening in the market.

After G20 summit discussing the aftermath and the resolution for the ecnomic crisis that left great impact in the world market, countries agreed to establish tighter regulations over financial institutions and made advices for specific countries for improvement. For example, Japan and China were encouraged to reduce their dependence on exports by promoting products domestically. Quotas like these are examples of price controls in a world wide scale.

This article describes the attempts of American senators to allow American pharmacies and patients to import prescription drugs from other countries at government controlled rates, thus avoiding higher, unregulated prices in the US.

Clean air is a public good, as it is non-rivalrous and non-excludable. The provision of clean air is a massive problem in China, because its rapid industrialization and high output has come at the cost of the environment, and subsequently created large amounts of toxic waste that is being released into the air and the water.

Obama has just proposed a plan to privatise the actions of NASA, i.e. release it from government control. The President says this would put astronauts on a more ambitious and sustainable path to the future. Some others believe that this is the death of the nation's space flight program...

The price controls implemented on products like seamless steel pipes have caused a glitch in fair trade worldwide. As a result, imports from China have surged and domestic producers have accused the Chinese government of setting unfairly low prices. Another problem undergoing scrutiny is whether or not Beijing has been manipulating its currency.

The article discusses a proposal by the Scottish government to impose a minimum price on alcohol in order to reduce the 'harmful effects of drinking'. Estimates conclude that this would save Scotland 950 million pounds over 10 years. Currently there is no concrete plan for a minimum price but the government is proposing an extra 40p per unit of alcohol.

Saudi Electricity Co., a state- controlled utility, said third-quarter profit advanced 34 percent on higher tariffs for power in the Arab world's biggest economy. This is relevant to this week's topic because here, tariffs is considered as a major source of government revenue.

The Tea Board of India announced that they will set up a tea quality testing laboratory top control export quality of brew and inspect if it meets international quality and safety standards.

This article is about a company, Shaw Communications, considering investing in another company, Canwest. By investing in this company, Shaw will engage in competitive behavior by gaining some control over another company.

There is much speculation in Chile that the state copper company, Codelco, may sell its 40% share in the Edelnor generation JV. This could raise US$875 million. While not an actual privitization of a company, this represents a switch from government to private control.

American politicians are hoping for concessions on currency rates from China at talks this week. They believe that the Chinese government controls its exchange rate to keep its currency artificially weak, giving Chinese exporters an advantage.